How can shares be issued when both paid and unpaid amounts are $0.00?

Question

How can shares be issued when both paid and unpaid amounts are $0.00?

Answer

Companies cannot be established in the NowInfinity platform if they have unpaid values. The company registration would need to be lodged with ASIC directly if required.

If shares are being issued to an existing company and these shares are not paid for, the Form 484 cannot be lodged online.

If you are a registered ASIC agent, you can lodge the Form 484, along with a Form 207 (Certification of Compliance) with stamp duty via email to online.exceptions@asic.gov.au.

Before lodging the form via email, you will need to complete an email lodgement request form.

If Officeholders themselves lodge the Form 484, they are required to send the Form 484 together with the Form 207 (Certification of Compliance) via mail to ASIC.